Algonquin Power Q1 adjusted EPS falls, hurt by unfavorable weather, higher expenses

Algonquin Power & Utilities

08/05/2026 11:39

Overview

Canada utility operator's Q1 adjusted EPS fell yr/yr to $0.13

Net earnings and adjusted net earnings declined due to unfavorable weather and higher expenses

Company resolved rate cases in Missouri, California, Massachusetts and reached tariff agreement in Chile

Outlook

Company did not provide specific financial guidance for the current quarter or full year

Result Drivers

UNFAVORABLE WEATHER - Co said slightly unfavorable weather at Empire District Electric reduced net revenues by $11.9 mln

HIGHER OPERATING EXPENSES - Co cited increased gas safety excellence costs, labor, benefits and property taxes as drivers of higher expenses

RATE ADJUSTMENTS - Approved rate adjustments at CalPeco Electric resulted in retroactive revenues and recovery of wildfire insurance expenses

Company press release: ID:nBw3z1YTsa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
$0.13
Q1 Adjusted Net Income
$99.6 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the multiline utilities peer group is "buy."

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)